Press Releases

WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) filed a brief in the Supreme Court in support of Thelma McCoy's petition to have the court take up undue hardship discharge for student debt in bankruptcy. Currently and for some time, different courts of appeal have split in how they interpret what is "undue hardship," with some courts taking...

WASHINGTON, D.C. – Today, Janet Yellen was sworn in as the Secretary of the Treasury after her confirmation yesterday by an 84 to 15 vote of the U.S. Senate. President of the Center for Responsible Lending (CRL) Mike Calhoun made the following statement: Treasury Secretary Yellen’s swift, bipartisan confirmation as the first woman to hold this role is a historic...

WASHINGTON DC - This afternoon, President Joe Biden outlined an agenda and signed executive actions to move forward on several important fronts toward racial equity, including a measure directing the Department of Housing and Urban Development to reassess a Trump Administration rule that hindered a plaintiff’s ability to prove housing discrimination. This Presidential Memorandum acknowledges the role the federal government...

WASHINGTON, D.C. – Today, Joe Biden was sworn in as the 46th president of the United States. Vice-President Kamala Harris was sworn in as the first woman and the first Black and first South Asian American to ever hold the office. President of the Center for Responsible Lending (CRL) Mike Calhoun made the following statement: Congratulations to President Biden and...

WASHINGTON, D.C. – This evening, numerous media outlets have reported that President-elect Joe Biden will nominate Federal Trade Commission member Rohit Chopra to serve as director of the Consumer Financial Protection Bureau (CFPB). In response to this development, Center for Responsible Lending (CRL) Federal Advocacy Director and Senior Counsel Ashley Harrington issued the following statement: Commissioner Chopra has long fought...

WASHINGTON, D.C. – President-elect Joe Biden last night unveiled an outline of his proposed legislative package for relief from the COVID-19 public health and economic crisis. In response, Center for Responsible Lending (CRL) Federal Advocacy Director and Senior Counsel Ashley Harrington made the following statement: President-elect Biden’s plan offers badly needed hope for a country in crisis. The policy proposals...

Washington, D.C. — Today, more than 325 organizations sent an updated letter to President-Elect Biden and Vice President-Elect Harris, calling on them to use executive authority to cancel federal student debt on day one of their administration. In the letter, more than 325 nonprofit and community organizations highlight that cancelling student debt would stimulate the economy, help reduce racial wealth...

WASHINGTON D.C. - Action Center on Race and the Economy (ACRE), American Civil Liberties Union (ACLU), Americans for Financial Reform, Center for Responsible Lending, the National Association of Consumer Advocates, Student Debt Crisis, and Young Invincibles made the following statement on President-Elect Biden’s American Rescue Plan: The absence of a legislative request to cancel student debt heightens the urgent need...

WASHINGTON, D.C. – In the wake of the U.S. Capitol insurrection, the Center for Responsible Lending (CRL) is calling for the immediate removal of Donald J. Trump from the office of the Presidency. Michael D. Calhoun, President of CRL, issued the following statement: In the days since a riotous mob of Trump supporters violently overran police and desecrated the U.S...

Action Center on Race and the Economy, American Federation of Teachers, Americans for Financial Reform, the Center for Responsible Lending, the Center for Law and Social Policy (CLASP), NAACP, National Consumer Law Center (on behalf of its low-income clients), Student Debt Crisis, and Young Invincibles made the following statement: We welcome the announcement that President-Elect Biden plans to extend the...